Sensors and Measurement: Strong revenue growth in first quarter
Industry grows more strongly than expected due to catch-up effects
The AMA Association for Sensors and Metrology surveys its 450 members quarterly on economic development. The industry reports revenue growth of 13 percent for the first quarter, compared to the previous quarter. Incoming orders rose by seven percent at the beginning of the year. The industry is in a positive mood and expects further moderate revenue growth of four percent in the second quarter.
According to the German Federal Ministry for Economic Affairs and Energy, economic output contracted by 1.7 percent overall in the first quarter of 2021. However, the industry was on an upward trend again at the end of the first quarter and incoming orders continued this upward trend, in particular due to rising domestic demand. Sensor and measurement manufacturers reported much more positive developments for the first quarter. In particular, the large AMA members were able to increase revenue in the first quarter. In terms of incoming orders, on the other hand, the small and medium-sized industry representatives scored above average, while the major players reported stable incoming orders. Strong catch-up effects are having a positive impact on suppliers to the electronics sector and mechanical and plant engineering, while this effect has yet to materialize for suppliers to the automotive sector.
"Our statistics show that the drop in revenue from the Corona crisis has now been offset for a large part of our industry," says Thomas Simmons, managing director of the AMA Association for Sensor and Measurement Technology. "Overall, our members' expectations are positive. In most cases, interrupted supply chains could be closed by alternative suppliers. The trend in new orders also supports the outlook for normalizing revenue growth in the current quarter."